It is one of the most famous conjectures in graph theory. It has many alternative formulations and lots of work have been done around it. Many interesting conjectures are related to it. See [Sul]. It is in particular implied by a conjecture of Thomassé and Hoàng-Reed Conjecture.
The Caccetta-Häggkvist Conjecture is a generalization of an earlier conjecture of Behzad, Chartrand, and Wall, who conjectured it only for diregular digraphs. Caccetta-H äggkvist Conjecture has been proved for by Shen [She1]. For it is trivial. But already for , it is still open as well as Behzad-Chartrand-Wall Conjecture
This conjecture would be implied by Seymour's Second Neighbourhood Conjecure.
Shen [She2] also proved the following approximate version.
Bollobás and Scott [BS] proposed a weighted version of the Caccetta-Häggkvist Conjecture.
They gave a nice proof that there is a directed path of total weight at least 1.
Bibliography
[BCW] M. Behzad, G. Chartrand, and C. Wall. On minimal regular digraphs with given girth. Fundamenta Mathematicae, 69:227–231, 1970.
[BS] B. Bollobás and A. D. Scott, A proof of a conjecture of {B}ondy concerning paths in weighted digraphs. J. Combin. Theory Ser. B, 66:283-292, 1996.
*[CH] L. Caccetta and R. Häggkvist. On minimal digraphs with given girth. Congressus Numerantium, XXI, 1978
[She1J. Shen. On the girth of digraphs. Discrete Math, 211(1-3):167–181, 2000.
[She2] J. Shen. On the Caccetta-Häggkvist conjecture. Graphs and Combinatorics, 18(3):645–654, 2002.
[Sul] Blair D. Sullivan: A Summary of Problems and Results related to the Caccetta-Häggkvist Conjecture
* indicates original appearance(s) of problem.